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(b) Remedies for Event of Default. <br /> (i) Upon the happening and continuance of any Event of Default, then and in every case, <br /> any Registered Owner or an authorized representative thereof, including, but not limited to, a <br /> trustee or trustees therefor, may proceed against the Authority, or any official, officer or <br /> employee of the Authority in their official capacity, for the purpose of protecting and enforcing <br /> the rights of the Registered Owners under this Resolution, by mandamus or other suit, action or <br /> special proceeding in equity or at law, in any court of competent jurisdiction, for any relief <br /> permitted by law, including the specific performance of any covenant or agreement contained <br /> herein, or thereby to enjoin any act or thing that may be unlawful or in violation of any right of <br /> the Registered Owners hereunder or any combination of such remedies. The Registered Owners <br /> are third party beneficiaries to the Contract with the ability to enforce the provisions of the <br /> Contract for such period that a default exists under the Contract. <br /> (ii) It is provided that all such proceedings shall be instituted and maintained for the <br /> equal benefit of all Registered Owners of the Note. <br /> (iii) Notwithstanding anything in this Resolution to the contrary, so long as the Purchaser <br /> continues to hold the Note, the Purchaser may exercise all remedies available to it in law or <br /> equity and any provision in this Resolution or the Note that restricts or limits the Purchaser's full <br /> exercise of these remedies shall be of no force and effect. <br /> (c) Remedies Not Exclusive. <br /> (i) No remedy herein conferred or reserved is intended to be exclusive of any other <br /> available remedy or remedies, but each and every such remedy shall be cumulative and shall be <br /> in addition to every other remedy given hereunder or under the Note now or hereafter existing at <br /> law or in equity; provided, however, that notwithstanding any other provision of this Resolution, <br /> the right to accelerate the debt evidenced by the Note shall not be available as a remedy under <br /> this Resolution. <br /> (ii) The exercise of any remedy herein conferred or reserved shall not be deemed a <br /> waiver of any other available remedy. <br /> (iii) By accepting the delivery of the Note authorized under this Resolution, such <br /> Registered Owner agrees that the certifications required to effectuate any covenants or <br /> representations contained in this Resolution do not and shall never constitute or give rise to a <br /> personal or pecuniary liability or charge against the officers, employees or trustees of the <br /> Authority or the Board. <br /> (iv) None of the members of the Board, nor any other official or officer, agent, or <br /> employee of the Authority, shall be charged personally by the Registered Owners with any <br /> liability, or be held personally liable to the Registered Owners under any term or provision of this <br /> Resolution, or because of any Event of Default or alleged Event of Default under this Resolution. <br /> Section 18. AMENDMENT OF RESOLUTION. (a)Amendments Without Consent. <br /> This Resolution and the rights and obligations of the Board and of the Registered Owners of the <br /> ARWA\BAN\2023:Authorizing Resolution 12 <br />